Rhodia Returns to Profit …

1:31 PM MDT | July 25, 2007 | Chemical Week Editorial Staff

Rhodia reported full-year 2006 net income of €62 million ($81 million), compared to a €616-million loss in the year-ago period. Rhodia says it met the 2006 financial targets that it set three years ago, including a positive net income. This was the first time Rhodia has reported a profit since 2000, the company says. Sales increased 6.4%, to €4.5 billion. The company’s recurring Ebitda margin was 14.2%, compared to its target of above 13%. Recurring Ebitda rose 33%, to €683 million, “driven by strong pricing, solid market demand...